Populist Daily

Politics, Culture and American Life

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    Entries Tagged as 'the national debt'

    Raise Taxes or Cut Entitlements–You Decide.

    July 2nd, 2010 · 1 Comment · Capitalism, Economics, Politics, jobs, taxes

    You should see one particular chart from the Congressional budget office.
    Here’s what it says:
    The lowest two quintiles (lowest 40%) of wage earners averaged $17,400 in 1979.
    The Top One percent of wage earners averaged $167,500 in 1979.
    By 2007, the 27th year of the Neoconservative Era, the bottom two quintiles made $20,500. That’s an [...]

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    American Society at a Crossroads. For People or for Corporations?

    March 21st, 2010 · No Comments · Health Care, Politics, jobs

    We are facing a serious problem as a society. The problem is whether we will approach our fellow citizens as equals, with equal opportunity for a decent, secure life. Will we also look on our less fortunate fellow Americans and offer them a hand up?
    Or will we turn inward, striving to maximize our lifestyle [...]

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    The Economy Is In Big Trouble—Part II, Our Diminished Future.

    February 12th, 2010 · No Comments · Economics, Politics

    To understand your life in the future, you must understand that what happened in the last 8 years, particularly in the last year of the Bush Administration, as described in Part I, is irreversible. We cannot go back and sue all those Tom DeLays or Dick Cheneys, or even whatever number of Democrats joined in [...]

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